Quote:
Originally posted by bilmore
There will be a benefit of coverage where there was none. I was simply pointing out (what I think was) Hank's point, that such a system is self-perpetuating and usually more expensive. I have not seen many systems where the government can do tasks that are being done by the private sector for as cheaply as the private sector does them.
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Oddly enough, appropos of this conversation, one of the systems in which the government has demonstrated that it can do tasks done by the private sector as cheaply/efficiently is in the administration of a health insurance system.
To wit, the overhead costs for the Medicare program [I think that's the one] consistently run at about 1.1% -- which is significantly less than the best/lowest overhead percentage for a private insurer.
People refuse to believe this -- just like most people seem to think foreign aid is about 1/3 of our budget -- but, as the man said, "You can look it up."
S_A_M
